2024 Universal Registration Document

General and financial elements

VINCI Integrity, the Group’s dedicated whistleblowing reporting and processing procedure, offers a secure and confidential channel for every individual involved in a project to raise concerns regarding the VINCI Group’s activities in France and around the world. No complaints or alerts relating to ESRS S3 were raised in 2024 through this channel, which serves as the final-level mechanism within the Group and is open to all individuals involved in projects.

Detailed information concerning the channels available to employees and temporary staff to raise concerns and the whistleblowing reporting and processing procedure can be found in the presentation of the Group’s whistleblowing system in paragraph 4.2.3, “Identification and detection of risks”, page 270, and under “Whistleblowing systems for raising concerns” in paragraph 3.3, “Expanded risk analysis and awareness in the Group”, of chapter F, “Duty of vigilance plan”, page 290.

4. Business conduct

4.1 Identification of impacts, risks and opportunities

The VINCI Group has carried out work to identify its impacts, risks and opportunities relating to its governance issues as part of its double materiality assessment. The methodology applied is presented in paragraph 1.1.2, “Double materiality assessment”, page 188. The main impacts, risks and opportunities of the four material issues identified by the Group in conducting this assessment are detailed in the table below.

Material impacts, risks and opportunities Business lines concerned Position in the value chain and on the time horizon Stakeholders concerned
Corporate culture and business conduct policy
Opportunities
  • Financial opportunities from strengthening confidence among the Group’s stakeholders (customers, partners, suppliers, NGOs, local communities and nearby residents, public authorities and administrations, etc.)
  • Enhancing Group attractiveness, employee loyalty, safety and collective engagement
  • Establishing compliance programmes, particularly in the area of anti-corruption, and improving their effectiveness

Risks

  • Damage to the Group’s image if there is no commitment on the part of executive leadership to promote an ethical culture that incorporates compliance standards by developing a code of conduct, internal management rules, transparency, etc.
Opportunities
  • Financial opportunities from strengthening confidence among the Group’s stakeholders (customers, partners, suppliers, NGOs, local communities and nearby residents, public authorities and administrations, etc.)
  • Enhancing Group attractiveness, employee loyalty, safety and collective engagement
  • Establishing compliance programmes, particularly in the area of anti-corruption, and improving their effectiveness

Risks

  • Damage to the Group’s image if there is no commitment on the part of executive leadership to promote an ethical culture that incorporates compliance standards by developing a code of conduct, internal management rules, transparency, etc.

Business lines concerned

All

Opportunities
  • Financial opportunities from strengthening confidence among the Group’s stakeholders (customers, partners, suppliers, NGOs, local communities and nearby residents, public authorities and administrations, etc.)
  • Enhancing Group attractiveness, employee loyalty, safety and collective engagement
  • Establishing compliance programmes, particularly in the area of anti-corruption, and improving their effectiveness

Risks

  • Damage to the Group’s image if there is no commitment on the part of executive leadership to promote an ethical culture that incorporates compliance standards by developing a code of conduct, internal management rules, transparency, etc.

Position in the value chain and on the time horizon

  • Upstream and downstream
  • Long term
Opportunities
  • Financial opportunities from strengthening confidence among the Group’s stakeholders (customers, partners, suppliers, NGOs, local communities and nearby residents, public authorities and administrations, etc.)
  • Enhancing Group attractiveness, employee loyalty, safety and collective engagement
  • Establishing compliance programmes, particularly in the area of anti-corruption, and improving their effectiveness

Risks

  • Damage to the Group’s image if there is no commitment on the part of executive leadership to promote an ethical culture that incorporates compliance standards by developing a code of conduct, internal management rules, transparency, etc.

Stakeholders concerned

  • Customers
  • Suppliers, subcontractors
  • Employees, temporary staff, company officers
  • Investors and shareholders
  • Public authorities and administrations
  • Local communities and residents
Whistleblower protection
Opportunities
  • Strengthening employee trust in internal whistleblowing systems and promoting transparency
  • Strengthening stakeholder confidence in the Group’s commitment to detecting and dealing with any violations of law, the Code of Ethics or the Anti-corruption Code of Conduct

Risks

  • Non-detection and failure to deal with potential cases of non-compliance reported through internal reporting systems, which could expose the Group to sanctions and a loss in stakeholder confidence

Negative impacts

  • Bullying, pressure and unjustified dismissals due to lack of whistleblower protection
Opportunities
  • Strengthening employee trust in internal whistleblowing systems and promoting transparency
  • Strengthening stakeholder confidence in the Group’s commitment to detecting and dealing with any violations of law, the Code of Ethics or the Anti-corruption Code of Conduct

Risks

  • Non-detection and failure to deal with potential cases of non-compliance reported through internal reporting systems, which could expose the Group to sanctions and a loss in stakeholder confidence

Negative impacts

  • Bullying, pressure and unjustified dismissals due to lack of whistleblower protection

Business lines concerned

All

Opportunities
  • Strengthening employee trust in internal whistleblowing systems and promoting transparency
  • Strengthening stakeholder confidence in the Group’s commitment to detecting and dealing with any violations of law, the Code of Ethics or the Anti-corruption Code of Conduct

Risks

  • Non-detection and failure to deal with potential cases of non-compliance reported through internal reporting systems, which could expose the Group to sanctions and a loss in stakeholder confidence

Negative impacts

  • Bullying, pressure and unjustified dismissals due to lack of whistleblower protection

Position in the value chain and on the time horizon

  • Upstream and downstream
  • Short term and medium term
Opportunities
  • Strengthening employee trust in internal whistleblowing systems and promoting transparency
  • Strengthening stakeholder confidence in the Group’s commitment to detecting and dealing with any violations of law, the Code of Ethics or the Anti-corruption Code of Conduct

Risks

  • Non-detection and failure to deal with potential cases of non-compliance reported through internal reporting systems, which could expose the Group to sanctions and a loss in stakeholder confidence

Negative impacts

  • Bullying, pressure and unjustified dismissals due to lack of whistleblower protection

Stakeholders concerned

  •  Current and former VINCI employees, including temporary staff
  • Persons having applied for employment in the VINCI Group
  • VINCI
  • Group company officers and shareholders
  • Employees and company officers of partners, subcontractors, suppliers and service providers
Supplier relations

Opportunities

–Strengthening trust across the Group’s value chain, particularly among suppliers, subcontractors and service providers Risks

  • Damage to the Group’s image if penalties are applied for late payments
  • Increased operational risks, delays and impaired productivity in Group operations, loss in quality and limited choice of partners

Negative impacts

–Deterioration in suppliers’ financial health

Opportunities

–Strengthening trust across the Group’s value chain, particularly among suppliers, subcontractors and service providers Risks

  • Damage to the Group’s image if penalties are applied for late payments
  • Increased operational risks, delays and impaired productivity in Group operations, loss in quality and limited choice of partners

Negative impacts

–Deterioration in suppliers’ financial health

Business lines concerned

All

Opportunities

–Strengthening trust across the Group’s value chain, particularly among suppliers, subcontractors and service providers Risks

  • Damage to the Group’s image if penalties are applied for late payments
  • Increased operational risks, delays and impaired productivity in Group operations, loss in quality and limited choice of partners

Negative impacts

–Deterioration in suppliers’ financial health

Position in the value chain and on the time horizon

  • Upstream and downstream
  • Short term and long

term

Opportunities

–Strengthening trust across the Group’s value chain, particularly among suppliers, subcontractors and service providers Risks

  • Damage to the Group’s image if penalties are applied for late payments
  • Increased operational risks, delays and impaired productivity in Group operations, loss in quality and limited choice of partners

Negative impacts

–Deterioration in suppliers’ financial health

Stakeholders concerned

Subcontractors, suppliers, service providers, customers, public authorities and administrations

Prevention and detection of corruption and bribery
Opportunities
  • Strengthening confidence among the Group’s stakeholders (customers, lenders, partners, suppliers, NGOs, local communities and nearby residents, public authorities and administrations, etc.)
  • Improving governance and decision-making, mitigating operational, financial and legal risks
  • Enhancing Group attractiveness, employee loyalty, safety and collective engagement
  • Strengthening the Group’s ability to become an actor in social change and work towards sustainable development
Risks
  • Non-compliance with laws, fines, sanctions, exclusion from public contracts
  • Weakened Group financial position and operational structure
  • Termination of contracts
  • Non-compliance in the context of responding to calls for tenders

Negative impacts

  • Job losses for employees of companies involved
Opportunities
  • Strengthening confidence among the Group’s stakeholders (customers, lenders, partners, suppliers, NGOs, local communities and nearby residents, public authorities and administrations, etc.)
  • Improving governance and decision-making, mitigating operational, financial and legal risks
  • Enhancing Group attractiveness, employee loyalty, safety and collective engagement
  • Strengthening the Group’s ability to become an actor in social change and work towards sustainable development
Risks
  • Non-compliance with laws, fines, sanctions, exclusion from public contracts
  • Weakened Group financial position and operational structure
  • Termination of contracts
  • Non-compliance in the context of responding to calls for tenders

Negative impacts

  • Job losses for employees of companies involved

Business lines concerned

All

Opportunities
  • Strengthening confidence among the Group’s stakeholders (customers, lenders, partners, suppliers, NGOs, local communities and nearby residents, public authorities and administrations, etc.)
  • Improving governance and decision-making, mitigating operational, financial and legal risks
  • Enhancing Group attractiveness, employee loyalty, safety and collective engagement
  • Strengthening the Group’s ability to become an actor in social change and work towards sustainable development
Risks
  • Non-compliance with laws, fines, sanctions, exclusion from public contracts
  • Weakened Group financial position and operational structure
  • Termination of contracts
  • Non-compliance in the context of responding to calls for tenders

Negative impacts

  • Job losses for employees of companies involved

Position in the value chain and on the time horizon

  • Upstream and downstream
  • Short term and medium term
Opportunities
  • Strengthening confidence among the Group’s stakeholders (customers, lenders, partners, suppliers, NGOs, local communities and nearby residents, public authorities and administrations, etc.)
  • Improving governance and decision-making, mitigating operational, financial and legal risks
  • Enhancing Group attractiveness, employee loyalty, safety and collective engagement
  • Strengthening the Group’s ability to become an actor in social change and work towards sustainable development
Risks
  • Non-compliance with laws, fines, sanctions, exclusion from public contracts
  • Weakened Group financial position and operational structure
  • Termination of contracts
  • Non-compliance in the context of responding to calls for tenders

Negative impacts

  • Job losses for employees of companies involved

Stakeholders concerned

  • Customers
  • Suppliers, subcontractors
  • Employees, temporary staff, company officers
  • Investors and shareholders
  • Public authorities and administrations
  • Local communities and residents